Op may be genius here.. earnings done and Spy going to $690

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He's been saying this since at least 2021 and here Alex are SPY hitting new ath every single fking day :clown:

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Yes. Options have existed for a very, very long time, well before 0 DTE existed, for starters, so prior to 2022, daily 0 DTE wasn’t possible. To more directly answer your question, and also disagreeing with the other regarded individual who replied to you: options can very much be profitable to retail. Simple, long-dated calls are one way to do it. For example, if you mechanically buy a 2-year SPY call whenever the market’s down more than 20% and hold to expiration, you’re likely to come out way ahead (past performance doesn’t guarantee future profit blah blah). The market is not often down 20%, so this isn’t a get-rich quick strategy, but it’s not unreasonable and has historically very good returns if you’re choosing a strike that isn’t absurdly OTM (say, if you pay for an at-the-money call). You can reduce the cost (and profit/risk) by using a long-dated spread instead (so for example buying the at-the-money and selling a call 10% above the current price at the same expiration). There’s also selling index puts - again, not a road to riches, but as a way to add a small amount of leverage during times of elevated volatility. The typical internet-approved version of this is to sell 15-30 delta, 45 DTE puts, but there are a ton of ways to do this profitably, and also plenty of ways to quickly blow up your account. If you’re selling options, you very much need to be keenly aware of the leverage you’re handling, and also how volatility changes both the options price and the margin requirement (you can get blown out of a short put due to changing margin requirements even when the trade remains profitable). The question you asked is really broad, something like “how do you build a house,” so I’m speaking in really broad terms with just two tiny examples in an ocean of possibilities. But the short answer is yes, you can very much be long-term profitable with options strategies. However, ultimately, options are just another tool. You really need a thesis on the underlying, and if that’s wrong, some complex options genius setup isn’t going to save you from being wrong. So don’t get too caught up in the options mechanics at the expense of understanding why the underlying is behaving the way it is. It’s the latter that will make you money; options just add to the toolbox and can, for example, make you money if the underlying doesn’t move (which isn’t possible with shares apart from whatever dividends you get).

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But you could just drop 5-10m per day on 0dte spy C/P.

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Bers shorting SPY and losing money and going long on these and posting losses you can'y make this shit up

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Realistically he could buy all the SPY 0dte calls then send his $370billion in cash flying

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9 years of doom posting. Imagine if you bought SPY everytime you ran here to comment. Sad

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Spy 0dte on Monday

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Spy will now go up in a perfectly straight line at exactly 1% per month.

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I was referring to businesses that are part of SPY

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